Arsenal are considering a move to sign Chelsea target Isco from Real Madrid during the upcoming transfer window, according to Fichajes, as reported by the Express.
The 23-year-old has also emerged as target for Manchester Untied in recent weeks as a host of clubs are keen to lure the midfield playmaker to their side.
It is believed that manager Arsene Wenger is open to spending about £22million in his chase for the Spain international.
However, he could be worth more than the mentioned price given that the Gunners were linked with a £32.5million move for his services during the summer.
Real could even ask Wenger to include attacking star Alexis Sanchez into the deal amid speculation that the La Liga giants are keen to lure the Chile international to the Bernabeu.
Despite links of a return to Spain, the former Barcelona forward has revealed that he is very happy with his current role at the Emirates and is not considering an exit at this time.